$Hang Seng Index (800000.HK)$ - weak can b weaker

What Happened: Regulatory agencies of China along with the Securities Exchange Commission in the U.S. are negotiating a cooperative method for audit supervision, China Securities Regulatory Commission said in a statement Saturday.
The CSRC also expressed confidence that the parties will be able to find a cooperative path that meets each other's regulatory needs, jointly protect the legitimate rights and interests of global investors, and promote the healthy development of the capital markets of the two countries.
Why It's Important: The CSRC has in the past promised to cooperate with the U.S. over how it supervises the auditing of Chinese companies, which could avert potential delisting of these firms from American exchanges.
The recent statement on the dialogue between the regulators of both nations suggests there could be a resolution to the stalemate over how to keep tabs on the auditors of publicly traded China-based companies here in the U.S.
Chinese companies listed in the U.S. such as $Alibaba (BABA.US)$ , $Tencent (TCEHY.US)$ and $JD.com (JD.US)$ were already under pressure due to a clampdown by local regulators. They were reprimanded in the past over antitrust issues and misuse of user data.
Earlier this month, reports suggested China is looking to make it mandatory for companies listed in the U.S. and Hong Kong, through the variable entity route, to make their ownership structures more transparent to facilitate regulatory reviews, especially in sectors that are off limits to foreign investment.
These adverse regulatory headlines have hurt even Chinese EV makers listed in the U.S., including $NIO Inc (NIO.US)$ and $XPeng (XPEV.US)$ .
Indications that Chinese and U.S. regulators are ready to bury the hatchet, therefore, should come as a relief to these companies.

$Kweichow Moutai (600519.SH)$ up

$Tesla (TSLA.US)$ Tesla CEO Elon Musk exercised 2151940 options at a price of $6.24 and sold 934091 Tesla shares on December 16.